Bangladesh Bank has eased the two criteria for the state-owned banks to act as participating banks in obtaining loans from the Green Transformation Fund (GTF).
From now on, if more than 10 percent of the total loan is defaulted, the banks will get the loans from the GTF as a participant. Besides, the banks with shortfall in loan or investment provision, capital and liquidity are not eligible to avail the fund.
The central bank manages GTF with funds of $200 million and EUR 200 million. Participating banks can receive finance from the GTF against their lending to export-oriented industries.
Source: New Age, , Business Post, The Business Standard
